You Go Obama, I say put more tariffs on China

[Shogun]

nice.

I mean, why the hell ELSE would we do anything other that prostrate ourselves to China for the sake of cheap plastic shit to import? Who needs a manufacturing sector when some batshit crazy greenspan lover cries about his free market economic opinion? Surely all those former production workers can go become doctors and java programmers! Lord fucking knows THAT sector can never be outsourced to a cheaper Chinese option!

 

[Paulie]

China buys our debt up but we should impose tariffs on them?

As sad as it is to say, we should be kissing the fucking ground the Chinese walk on.

 

[Kevin_Kennedy]

nice.

I mean, why the hell ELSE would we do anything other that prostrate ourselves to China for the sake of cheap plastic shit to import? Who needs a manufacturing sector when some batshit crazy greenspan lover cries about his free market economic opinion? Surely all those former production workers can go become doctors and java programmers! Lord fucking knows THAT sector can never be outsourced to a cheaper Chinese option!

Greenspan wasn't a supporter of the free market. He claimed he did, but his actions proved otherwise.

 

[Paulie]

Yeah, let's at LEAST stop pretending that Greenspan was a free market advocate.

 

[xsited1]

U.S. to Impose Tariff on Chinese Tires - WSJ.com


Good Job Mr. President, its about time you did something that I can agree with.

Just when I thought Obama couldn't get anymore stupid. Obama will impose duties of 35-55% on imports of Chinese tires. He's just bowing to the United Steelworkers of America (USW) because they can't compete. Did he forget America's dependence on Chinese purchase of U.S. government debt? And what about the possible reaction of the Group of 20 countries that meet on Sept. 24 to discuss opening global markets? In any case, prices will go up for American consumers. And since chinese tires are sold in the low-cost segment of the market, consumers who can least afford it would pay the most. Seriously, does Obama really hate poor people that much?

 

[Care4all]

Maybe THIS is just the opposite...

maybe, because China has shut off buying new debt and is selling off our debt(which i read recently), we are threatening them with the tariffs etc...in a standoff?

 

[Kevin_Kennedy]

Maybe THIS is just the opposite...

maybe, because China has shut off buying new debt and is selling off our debt(which i read recently), we are threatening them with the tariffs etc...in a standoff?

It's possible. But it's not much of a standoff because China is in a much better position than we are. We need China to buy our debt, China doesn't need us.

 

[Neubarth]

Maybe THIS is just the opposite...

maybe, because China has shut off buying new debt and is selling off our debt(which i read recently), we are threatening them with the tariffs etc...in a standoff?

It's possible. But it's not much of a standoff because China is in a much better position than we are. We need China to buy our debt, China doesn't need us.

You couldn't be more wrong Kevin. China needs us to buy their product which is piling up in storehouses all over their country.

Their stimulus plan has the factories humming producing product that is not being shipped because American retail companies have cut back imports of Chinese product over 40%. The container ships leaving Chinese ports are down nearly fifty percent. They are in horrible trouble with a massive stock bubble ready to burst.

 

[Kevin_Kennedy]

Maybe THIS is just the opposite...

maybe, because China has shut off buying new debt and is selling off our debt(which i read recently), we are threatening them with the tariffs etc...in a standoff?

It's possible. But it's not much of a standoff because China is in a much better position than we are. We need China to buy our debt, China doesn't need us.

You couldn't be more wrong Kevin. China needs us to buy their product which is piling up in storehouses all over their country.

Their stimulus plan has the factories humming producing product that is not being shipped because American retail companies have cut back imports of Chinese product over 40%. The container ships leaving Chinese ports are down nearly fifty percent. They are in horrible trouble with a massive stock bubble ready to burst.

If China stopped enabling us they'd be able to spend their own money on their own products. In the long run they'd be much better off if and when they cut us off.

 

[Shogun]

nice.

I mean, why the hell ELSE would we do anything other that prostrate ourselves to China for the sake of cheap plastic shit to import? Who needs a manufacturing sector when some batshit crazy greenspan lover cries about his free market economic opinion? Surely all those former production workers can go become doctors and java programmers! Lord fucking knows THAT sector can never be outsourced to a cheaper Chinese option!

Greenspan wasn't a supporter of the free market. He claimed he did, but his actions proved otherwise.

oh nice. throwin Greenspan, the poster boy for 90s freemarket policy, under the bus.


bravo.

 

[Shogun]

Yeah, let's at LEAST stop pretending that Greenspan was a free market advocate.

Greenspan Admits Free Market Ideology Flawed : NPR

 

[Kevin_Kennedy]

nice.

I mean, why the hell ELSE would we do anything other that prostrate ourselves to China for the sake of cheap plastic shit to import? Who needs a manufacturing sector when some batshit crazy greenspan lover cries about his free market economic opinion? Surely all those former production workers can go become doctors and java programmers! Lord fucking knows THAT sector can never be outsourced to a cheaper Chinese option!

Greenspan wasn't a supporter of the free market. He claimed he did, but his actions proved otherwise.

oh nice. throwin Greenspan, the poster boy for 90s freemarket policy, under the bus.


bravo.

What is it that Greenspan did that makes you think he was a true proponent of the free market? It's been explained to you before that the Federal Reserve is an institution that couldn't possibly exist in a free market, so how could the chairman of the Federal Reserve be a true proponent of free market capitalism? The Federal Reserve creates inflation and artificially tampers with the interest rate. How is that a free market in action? To say Greenspan is the poster boy for free market policy is simply ignorant.

 

[Kevin_Kennedy]

Yeah, let's at LEAST stop pretending that Greenspan was a free market advocate.

Greenspan Admits Free Market Ideology Flawed : NPR

"When asked if his ideology pushed him to make bad decisions, Greenspan said he found a "flaw" in his governing ideology that has led him to re-examine his thinking."

Yes, doing the very same things during the dot-com bust that Bernanke is doing now makes Greenspan a free marketeer. Forcing interest rates down to 1% rather than 0 is the perfect example of a free market in action.

 

[Douger]

The same crap was said about Japan, Hong Kong, Indonesia and Taiwan over the decades.

How are those countries and America faring today because of that trade?

I think we have good trade relations that are mutually beneficial with those countries. Japan even builds factories to produce their products inside the USA.

China is hurting our country economically, unlike the 3 you listed.


We just disagree here dude......but that was a good question.

Oh and to answer it, better than we would be without the trade relations with them.

Gawd blass Amurkastan !

 

[Paulie]

Yeah, let's at LEAST stop pretending that Greenspan was a free market advocate.

Greenspan Admits Free Market Ideology Flawed : NPR

I prefer to take someone's ACTIONS over their words.

The man spent a career artificially manipulating the money supply and the interest rates to borrow said money.

There's no way in hell that is a free market. How is regulating the nation's money supply any different than, say, regulating the banks that lend from it?

The president appoints the Federal Reserve chairman, and the Federal Reserve was created by an act of congress. The Federal Reserve is therefore a government entity that regulates our money.

Taking this into consideration, at what point did the mixed economy that the US operates under ever become a free market?

 

[k2skier]

nice.

I mean, why the hell ELSE would we do anything other that prostrate ourselves to China for the sake of cheap plastic shit to import? Who needs a manufacturing sector when some batshit crazy greenspan lover cries about his free market economic opinion? Surely all those former production workers can go become doctors and java programmers! Lord fucking knows THAT sector can never be outsourced to a cheaper Chinese option!

Greenspan wasn't a supporter of the free market. He claimed he did, but his actions proved otherwise.

oh nice. throwin Greenspan, the poster boy for 90s freemarket policy, under the bus.


bravo.

the same geenspan the helped blow up the bubble for the last 20+ years...

 

[Oddball]

Greenspan wasn't a supporter of the free market. He claimed he did, but his actions proved otherwise.

oh nice. throwin Greenspan, the poster boy for 90s freemarket policy, under the bus.


bravo.

What is it that Greenspan did that makes you think he was a true proponent of the free market? It's been explained to you before that the Federal Reserve is an institution that couldn't possibly exist in a free market, so how could the chairman of the Federal Reserve be a true proponent of free market capitalism? The Federal Reserve creates inflation and artificially tampers with the interest rate. How is that a free market in action? To say Greenspan is the poster boy for free market policy is simply ignorant.

That pretty much says it all.

 

[Oddball]

Greenspan wasn't a supporter of the free market. He claimed he did, but his actions proved otherwise.

oh nice. throwin Greenspan, the poster boy for 90s freemarket policy, under the bus.


bravo.

the same geenspan the helped blow up the bubble for the last 20+ years...

How would that bubble have been inflated in absence of interest rates that were set, by the Fed, faaaaar below what the marketplace would've had them??

 

[GHook93]

The same crap was said about Japan, Hong Kong, Indonesia and Taiwan over the decades.

How are those countries and America faring today because of that trade?

Can't speak about Indonesia or Taiwan, but Japan has similar high wages, high standard of living, builds their cars in these country, uses many American manufactures for their parts, they don't artificially deflate their currency and they allow us to export what we want to them.

China prohibits certain exports, they subsidize many things like gloss paper to the point that it can be sold less than it costs to produce it, they artificial keep down their currency and they don't have wages of C.O.L. anywhere near ours, even though they are one of the richest countries in the world!

 

[GHook93]

Forcing consumers to pay more for a product is not beneficial, and certainly not during a recession. And Plymco, a trade-war with China will not be to our advantage over China's. By cutting us off and no longer buying our debt China would be far better off than they are now because they could then consume their own products, because by now they have to realize we're never going to be able to pay what we owe them and antagonizing them with more tariffs will just incite them even further. It wouldn't be over night but China would see a huge increase in their standard of living if they cut us off.

The official unemployment is at 9.8%! The real number is more like 19.8%! Cheap consumer products do us no good if people don't have jobs and money to purchase these goods! We need to figure out a way to make things state side!